US/Iran Row: Buhari Meets NNPC Boss As Crude Oil Prices Soar – Complete News

As the ongoing diplomatic row between Iran and the United States of America, USA rages, President  Muhammadu Buhari today met behind closed doors with the Group Managing Director of the Nigeria National Petroleum Corporation, Mela Kyari, at the Presidential Villa, Abuja.

The News Agency of Nigeria reports that Brent crude, the global benchmark, gained 2.4% to reach $70.24 per barrel on Monday, the first time prices have hit that amount in more than seven months.

NAN reports that the meeting came amidst the escalating tension between the United States and Iran following the killing of an Iranian commander last week and the subsequent retaliatory attacks on military bases housing American troops in Iraq.

NAN also reports that the president, who equally serves as Minister of Petroleum Resources, would also be meeting with the Minister of State, Petroleum Resources, Mr Timipre Sylva, later on Wednesday.